Jane Street Group LLC Reduces Position in Liberty Global Ltd. (NASDAQ:LBTYK)

Jane Street Group LLC reduced its position in shares of Liberty Global Ltd. (NASDAQ:LBTYK - Free Report) by 77.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320,517 shares of the company's stock after selling 1,095,986 shares during the period. Jane Street Group LLC owned 0.09% of Liberty Global worth $6,926,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Liberty Global by 151.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,684,221 shares of the company's stock valued at $65,766,000 after purchasing an additional 2,219,823 shares during the last quarter. Rubric Capital Management LP raised its position in Liberty Global by 85.4% in the second quarter. Rubric Capital Management LP now owns 3,511,004 shares of the company's stock worth $62,671,000 after acquiring an additional 1,617,711 shares during the period. Oppenheimer Asset Management Inc. raised its position in Liberty Global by 18.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,930,166 shares of the company's stock worth $52,303,000 after acquiring an additional 447,135 shares during the period. Long Focus Capital Management LLC grew its position in shares of Liberty Global by 39.7% during the 2nd quarter. Long Focus Capital Management LLC now owns 1,442,000 shares of the company's stock valued at $25,740,000 after acquiring an additional 410,000 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Liberty Global during the 3rd quarter valued at approximately $7,471,000. 46.10% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Global Price Performance

Shares of LBTYK traded down $0.19 during mid-day trading on Friday, reaching $13.70. 1,739,912 shares of the stock traded hands, compared to its average volume of 1,846,449. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.80. Liberty Global Ltd. has a 1 year low of $11.25 and a 1 year high of $22.14. The company has a market cap of $4.90 billion, a price-to-earnings ratio of -1.35 and a beta of 1.20. The firm has a fifty day moving average price of $17.58 and a 200 day moving average price of $18.71.

Insider Activity at Liberty Global

In other news, CFO Charles H. R. Bracken sold 84,103 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $14.56, for a total value of $1,224,539.68. Following the completion of the transaction, the chief financial officer now directly owns 53,312 shares in the company, valued at approximately $776,222.72. This represents a 61.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Liberty Global in a report on Thursday, November 14th. They set a "hold" rating on the stock.

Liberty Global Profile

Liberty Global Ltd., together with its subsidiaries, provides broadband internet, video, fixed-line telephony, and mobile communications services to residential and business customers. It offers value-added broadband services, such as WiFi features, security, anti-virus, firewall, spam protection, smart home services, online storage solutions, and web spaces; and Connect Box that delivers in-home Wi-Fi service.